1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

pre-fab house on a permanent, raised foundation

Discussion in 'Urgent - Help Needed' started by Joe Booth, Mar 13, 2006.

Thread Status:
Not open for further replies.
  1. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Does this situation require a 1004C?
     
  2. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    No?

    I just read the Manufactured forum. Think I found the answer... if Pre-fab and Modular are the same thing.
     
  3. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Also Condominium

    Universal Land Use = Condominium
     
  4. CANative

    CANative Elite Member

    158
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Joe,

    First you have to figure out what you are appraising.

    Then you have to figure out how to appraise it.

    Then you need to determine which is an appropriate reporting format.

    "Pre-Fab" doesn't mean much on it's own. Did you inspect the crawl space to see if there is a stell chassis/frame and check the exterior and interior for labels and plates?
     
  5. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Thank you Greg,

    I'll be inspecting this AM. Looking for tags and stell chassis. If I don't see them, I'm on a 1073. We're looking at a Detached Condominium.
     
  6. CANative

    CANative Elite Member

    158
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Off Frame/Off Chassis modular homes will not have a steel chassis and will probably not have any labels or plates or other insignia. On the other hand, they might. "Pre-Fab" can also mean panelized construction and that is not the same thing as modular construction.

    You should read Certification No. 11 on the new appraisal forms and make sure the statement is true before completing this assignment and signing the report.
     
  7. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Yes #11. This property was frame construction on a concrete foundation, no chassi appears to have been fabricated with the intention of moving from this fixed foundation. No tags. I'm on a 1073.
     
    Last edited: Mar 14, 2006
  8. Jo Ann Meyer Stratton

    Jo Ann Meyer Stratton Elite Member

    28
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    Check out the link for your state for modular housing labels. Look for that specific label, take photos of it and make notes about any info on it.
     
  9. Joe Booth

    Joe Booth Junior Member

    0
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Built to HUD specifications on a permanent foundation.

    It's a condo.
     
  10. Jo Ann Meyer Stratton

    Jo Ann Meyer Stratton Elite Member

    28
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    That answers your question--use the 1004C since it is a manufactured home.
     
Thread Status:
Not open for further replies.

Share This Page